Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it’s 2021

  • 📰 chicagotribune
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 91%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of thee quirky and volatile shares sharply higher Monday.

FILE – In this image from video provided by the House Financial Services Committee, Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021. The man at the center of the meme stock craze during the pandemic returned to the social platform X for the first time in three years Sunday, May 12, 2024, and sent prices of those stocks surging overnight.

Gill and those who agreed with him changed the trajectory of a company that appeared to headed for bankruptcy by buying up thousands of GameStop shares in the face of almost any accepted metrics that told investors that the company was in serious trouble. At Monday’s opening bell it appeared that Gill had reignited the phenomenon as shares of GameStop more than doubled. At midday, shares were trading 60% higher. It’s the biggest intraday trading jump for GameStop since the meme craze of early 2021. Other meme stocks like the theater chain AMC were jolted higher as well.Gill became a cause célèbre in 2021 after his posts on the Reddit subcategory Wallstreetbets ignited a David vs.

Some big traders posted collosal losses as GameStop raced from less than $20, to close to $400 each. Citron Research, Melvin Capital and other well-known hedge funds

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 8. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Roaring Kitty is back and so are meme stocks, GameStop and AMC surge like its 2021The Mid-Ohio Food Collective is on a mission to fight senior hunger this spring.
Herkunft: 10TV - 🏆 560. / 51 Weiterlesen »

Roaring Kitty is back and so are meme stocks, GameStop and AMC surge like its 2021Seven Arizona barbecue restaurants made Yelp's Top 100 list with Eric's Family Barbecue taking the third-best spot.
Herkunft: 12News - 🏆 586. / 51 Weiterlesen »

Roaring Kitty is back and so are meme stocks, GameStop and AMC surge like its 2021Kate Mote joined WFAA Midday to talk about this week's Women's Rodeo Championship in North Texas.
Herkunft: wfaa - 🏆 543. / 51 Weiterlesen »

GameStop and AMC stocks surge as 'Roaring Kitty' returnsThe take back events happen once in the spring and once in the fall.
Herkunft: KVUE - 🏆 244. / 63 Weiterlesen »

GameStop and AMC stocks surge as 'Roaring Kitty' returnsThe Hamiltion County Coroner says 21-year-old Shawn Young died after getting trapped in that trench. It happened this morning near 146th street and River Road.
Herkunft: WTHRcom - 🏆 329. / 59 Weiterlesen »